Work Area: Corporate governance

European gambling business investigates AML failings in the Middle East

Gibraltar-based betting company 888 announced the immediate departure of its CEO on the same day it revealed breaches of anti-money laundering “best practices”.

30 January 2023

Fox took “lion’s cut” of profits from Fifa bribery, witness says

Fifa bagman Alejandro Burzaco took the stand in the prosecution of Fox executives accused of bribing officials for broadcasting contracts.

18 January 2023

SEC punishes McDonalds, ex-CEO for market disclosure breaches

Two of the SEC’s own commissioners objected to the regulator’s decision to punish McDonald’s despite accepting that the company was a victim of its former CEO’s misconduct.

09 January 2023

UK minister blocks release of letters detailing SFO culture problems

The UK’s solicitor general has intervened to prevent the release of correspondence that helped an independent reviewer to conclude there has been a “culture of distrust” within the Serious Fraud Office.

15 December 2022

Airbus export control head: diversion of parts to Russia is company’s “biggest worry”

Featured in In-house

Speaking at a GIR Live conference in London on Thursday, Lesley Davey outlined the company’s response to sanctions on Russia following the country’s invasion of Ukraine.

01 December 2022

SEC fines Goldman Sachs over ESG research failures

The SEC accused Goldman Sachs Asset Management of “policies and procedures failings” in its ESG research team, as well as document storage errors that delayed the regulator’s investigation.

23 November 2022

Embraer GC: compliance procedures are protecting the business

Featured in In-house

The top lawyer at Brazilian plane maker Embraer described how its compliance controls protected the company after planned sales to a troubled airline fell through.

25 October 2022

FCPA Docket: Glencore argues for steeper discount on FCPA fine

Glencore said it should have gotten an extra 10 percent discount off of the fine in the DOJ's FCPA case; the DOJ said a Hawaiian political fundraiser should get 30 months in prison and forfeit $3 million in a case tied to 1MDB; US Congressional Democrats sent a letter to the DOJ asking for more data on corporate crime and an ex-RBS employee asked the US Supreme Court to review the SEC’s denial of his whistleblower award application.

21 October 2022

Lawyers uncertain how DOJ corporate enforcement policy update will play out

“Is the language of the policy directionally helpful? Absolutely,” said one practitioner of the Deputy Attorney General’s recent policy announcement. “But ultimately, the core question is: ‘what does the policy mean in practice?’”

05 October 2022

Counsel Watch: Former deputy attorney general uncovers “systemic” abuse in US women’s football

Featured in In-house

In the latest counsel watch, King & Spalding concluded an investigation into the culture of professional women’s football in the US, and firms represented banks and a well-known celebrity in connection with various SEC enforcement actions.

04 October 2022

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